The current year plus the next five calendar years. A new calendar year will be added following the termination of trading in the December contract of the current year.

Settlement Method

Financially Settled

Floating Price

The Floating Price will be determined for each contract month. The Floating Price will be equal to the arithmetic average of the NYISO Zone F Day-Ahead LBMP provided by New York Independent Systems Operator (NYISO) for all off-peak hours in the contract month. For settlement of this contract, the prices provided by NYISO will be considered final on the payment day stated in Rule 908.09 and will not be subject to any further adjustment.

Termination Of Trading

CME Globex:

Trading on CME Globex shall cease on the last business day of the month prior to the contract month.

Delivery under the NYISO Zone F 5 MW Off-Peak Calendar-Month Day-Ahead LBMP Futures Contract shall be by cash settlement. Final settlement, following termination of trading for a contract month, will be based on the Floating Price. The final settlement price will be the Floating Price calculated for each contract month.

Related

Essentials

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Who We Are

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.